SPY is not a bargain: the S&P is only 1% off highs while the average S&P stock is down 18% and momentum names are down 50 to 70%, with the momentum index at a historic low. SPY lost the 821 day to 766 and is near its 50-day at 767; the market feels down 10% from highs but is only at the 50-day, showing bifurcation.

as the spies lost the 821 day

The S&P 1% off highs when the average S&P stock is down 18%. The momentum index at a historic low. You have the average momentum name down 50 to 70%. And you know, so nothing's really a bargain. And the indices aren't a bargain.

So, what could you have seen? I know yesterday the CPI came out. I had that weird feeling. I'm like, it's going to be hot. And I actually put on a a spy short like one minute before, not even because I had like a few leftover long.

So, the VTF hopefully saw that and made some decisions. And then you had some time. Things went fast. You know, you broke 775 and 773, which was important. It even broke 771ish.

So you lost 821 day in one swoosh down to 766 for today. Today the spies are down 250. We're at 767. We're right up at this area. Here's your 50. Like it's crazy. The spy, it feels like we're down 10% off highs and we're only at the 50-day.

That's how you know um bifurcated. You want to use that word bifurcated the market is you know